During the first quarter of 2018, Spain's GDP showed a slowdown in its year-over-year growth rate with respect to the previous quarter of 0.27 p.p., standing at 2.82%. GDP lower growth was explained by the slowdown in domestic demand, which fell by 0.20 percentage points with respect to 4Q17, to 3.12%. The unemployment rate increased by 0.19 percentage points to 16.74%, while the year-over-year growth rate of employment slowed by 0.29 p.p. from the previous quarter to 2.36%. Inflation fell from the previous quarter to 0.95%. With respect to the exchange rate, the euro appreciated against the dollar, with the exchange rate at 1.23 $/€ in the first quarter of the year.
For more information, click here to access the executive document in pdf (only avalaible in Spanish).
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